Economists at ING expect the EUR/GBP pair to stablize around the 0.88 level in the next few days.
A quiet week in the UK
“The pound should continue to keep pace with the euro, providing few catalysts to drive consistent divergence from the common currency and external (dollar) factors that dominate FX. So, EUR/GBP could be closer to 0.8800 during the week where both the UK and Eurozone economic calendars are almost empty.”
“If the move to 1.10 in EUR/USD is delayed by OPEC+, the same can be said about the move to 1.25 for Cable.”
“The dollar leg of GBP/USD will continue to be the biggest mover in the pair this week, with US data in focus.”
